Tax debt can be some of the most difficult debt to deal with. The government sets its own rules, which makes discharging tax debt more difficult than say medical debt.
But in bankruptcy there are still treatment options. Chapter 7 can help discharge older income tax debt, as long as it meets a few qualifications. Kain + Henehan knows the rules and requirements of discharging tax debt and can analyze what can be discharged in a chapter 7.
Chapter 13 is probably the most effective method of dealing with tax debt, especially if your tax debt is newer or your tax returns might not have been filed on time.
Instead of having a chapter 13 plan and still needing to work out your tax debt, a chapter 13 allows you to make one payment a month to the trustee, and the trustee distributes the funds to the IRS, MN Revenue, mortgage lenders/landlords and your general creditors. All wrapped up into one simple payment plan.